ICO

Round 3 of the IGNIS ICO is underway, and the first batch has already sold out. Interest is high in this ICO, and that is good news for Jelurida and the entire Nxt community. The third round of the crowdsale is divided up into four offers of 25 M JLRDA each, all priced at 1 JLRDA for 0.76 NXT.

The exact time within each 30-minute interval is randomly determined. Jelurida reserves the right to modify the above schedule in case of circumstances beyond its control.

The IGNIS ICO is, in essence, a barometer of the public's interest in the Nxt and Ardor Platforms. With Ardor due to launch in Q4 of this year, Jelurida needs to know how to split up their limited dev resources. The funding raised by Jelurida, which owns the IP for Nxt / Ardor / Ignis is directly going towards actively developing Nxt. So far Jelurida has procured enough funding to actively support Nxt for, at least, the next three years.

The ICO so Far

The highlights of Round 1 in early August were the whale "MAAC" eating up the entirety of the first couple of batches. He accomplished this through clever use of the Nxt blockchain protocols. Within 48 hours Jelurida senior developer, Lior Yaffe, released a patch to prevent similar occurrences: NRS client V1.11. 7. The Nxt platform now allowed for scheduling transactions up to 24 hours in advance.

Like the first round, Round 2 sold out in seconds. The current and most stable NRS client is V1.11.9.

So far every round of the ICO has sold out before the JLRDA sell offers had posted! Since the demand for the IGNIS ICO is still higher than the supply, the way to have a shot at getting JLRDA is to schedule your buy transaction in the NRS client 24 hours before the batch is officially for sale.

REMEMBER - Jelurida is the ONLY source of official information about the IGNIS ICO. All info here is directly provided by Jelurida.

Today the 3rd batch of Round 3, with 25 M JLRDA tokens, became available for sale. At the time of writing, there were still JLRDA tokens available. Finally – some would say – the IGNIS ICO hype calmed down a little. Finally, it is possible to attend the ICO and buy JLRDA without running a … Read more

Is your bid order in place? Popcorn ready? Tomorrow, on Thursday, Aug 31st between 18:45 – 19:15 UTC, the last batch of Round 2 in the IGNIS ICO is offered. That’s the last of 4 batches, each counting 20M JLRDA tokens. The price is 0.55 NXT per JLRDA – the token that will swap 1:1 … Read more

And so, the hunt for JLRDA is about to resume. Round 2 of the IGNIS ICO will kick off Aug 26 between 06:45 – 07:15 UTC The price will be 0.55 NXT per JLRDA, with 80M JLRDA tokens for sale in this round. Anyone who did their due diligence will know: Ignis will be launched with … Read more

Only 1 batch left of Round 1! UPDATE: no JLRDA left from Round 1! Round 2 will begin on August 26. And so, here’s a re-cap, as the hunt for cheap JLRDA continues… Early NXT investor ‘MAAC‘ has taken much of the limelight as he overruled “normal” participants by using the advanced features of the … Read more

Did you hold your breath? Never mind, the second 5M batch of the IGNIS ICO got snatched by MAAC the Whale. And also most of the third. But look at this now: Live data from the Nxt blockchain 69 new buyers got their hands on JLRDA – no ninja tricks, no bots, just by using … Read more

The long awaited crowd sale of the IGNIS token has begun. For sale are 440,000,000 Jelurida tokens (JLRDA) out of 1,000,000,000 total. The Nxtchat.slack has been buzzing for weeks with anticipation and discussions of how to get your hands on these JLRDA tokens and this article contains some important information pertinent to your investing decisions. … Read more

Ardor is about to launch, and the revolutionary parent - child architecture will solve many blockchain problems. Follow us on Twitter for important breaking updates during the week as they happen. Learn more every Monday with the release of the weekly Nxter Newsletter. We explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this ICO. Stay tuned and stay informed, dear readers. See you back here next week!

Help us grow and help us continue to provide excellent and focused coverage on the ever growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.

Tomorrow, on Thursday, Aug 31st between 18:45 – 19:15 UTC, the last batch of Round 2 in the IGNIS ICO is offered. That’s the last of 4 batches, each counting 20M JLRDA tokens. The price is 0.55 NXT per JLRDA – the token that will swap 1:1 for IGNIS tokens when the Ardor Genesis block is created in November 2017. Each and every single batch until now has been sold out in 1 block.

peter2615 [8:57 AM]
you wait… until next block, to see which offers got filled

As demand is a lot higher than the supply of JLRDA, and as the crowdsale is being held on a decentralized platform, executed under the rules of the blockchain, there were investors that didn’t get lucky. The rules are clear though and people’s different attempts to take advantage of them in the lottery, are transparent as well.

Logan summarizes:

You have to be in the same block, as the JLRDA TX. The capacity of one block is 255 TX. Higher fees are priorized to get in the block and the JLRDA TX will have a fee of 5 NXT. Thats the information you need to make a decision. But there is no right or wrong. Depends on what other people are doing.

riker [10:43 PM]

What happened in practice today was that one account NXT-GJE7-KWDJ-SFWJ-APQ6S tried to game the system by submitting many transactions with 5.2 NXT fee. I’m not sure what was his calculation. What it did is that it delayed the Jelurida transaction to the next block. But we anticipated this in advance and double checked that this does not provide any advantage to anyone.

bitcoinpaul [3:36 PM]

what can we learn from that?
dont bloat the chain with high fees, guys.

Riker

It’s a game theory problem; if everyone submits their transactions with 4 NXT fee, and a single guy with 6 NXT, this guy has an advantage. His transaction, the offer, and as many as can fit from the rest will fit in the block.

If everyone thinks this way and submits their offer with a fee of 6 NXT, all will lose, since their transactions will be included in a block before the sell offer.

forkedchain [5:33 PM]

For the latest JLRDA sell offer, there were 4 completely full blocks, each with 233 TXs, and an additional one with 58 TXs. There were 484 unique accounts that sent TXs in those 5 blocks.

2nd batch:

logan [9:01 PM]
dingdingdingding

vintash [9:08 PM]
yyyyeeees
im in!!!!

mroenne [9:08 PM]
Finally :sunglasses:

vintash [9:09 PM]
yeeeees

gabriel [9:09 PM]
YEAAAAAAH

marenkar [9:10 PM]
Whoa that’s a lot of people who got in this time.

peanut [9:12 PM]
Finally I’m in. I also noticed odd fee sizes, so I used one too just for good luck hehe

eu58 [9:14 PM]
I put 4 NXT for the fee and succeeded!

martis [9:18 PM]
I put 2 scheduled orders and both were filled. Fee was 4.9. No bot, no API, just used “Ignis token sale” link. Previous rounds were unsuccessful for me. As I reached my limit for buying Ignis, I will not participate in other rounds, so more chance for others.

forkedchain [9:53 PM]
I sacrificed a ton of ants just yesterday. ran over a huge ant bed with my mower while cutting grass, AND IT WORKED I GOT SOME JLRDA TODAY!!

logan [10:54 PM]

If i use a node with a comparatively bad connection and you use one which is a few milliseconds faster to publish the Offer TX, the chance that my orders will be filled is nearly zero, isnt it? or at least much worse compared to others

riker [10:55 PM]

Assuming you did everything else right, the more central and well connected your node is you’ll have better chance.

If you are the forger, even better, since then you have no latency.

forkedchain [11:47 PM]

well, it looks like some of my forging pool members were big winners today – all of a sudden my pools forging power has dropped by 5M.

My pool forged the golden block again. I wonder if some pool members had set up my pool as a well-known peer, and that’s why they won.

In lots of my previous attempts, my transaction was in the same block as the SELL, but at an earlier index position in the block. So I didn’t get anything. That means my latency to the forger was really good, but the forger’s latency to the p2p network (network as a whole) whereby that SELL transaction eventually found its way to the forger, was high – its all luck.

gabriel [3:20 PM]
only problem is the people who couldn’t get in until now and are frustrated, which is totally understandable, but as time goes by, more and more of these people are getting their orders fulfilled, so it will eventually work out just fine, imo

yelth [3:22 PM]
Potentially, but I can just as easily see there as being huge problems with it later on.

potshot-rsa [3:45 PM]
I got my IGNIS at 2017/08/09 8:59:12. I’m in South Africa with a 4Mb/s ADSL connection.

jesus [3:23 PM]

@yelth, i stopped worrying about it. it´s what it is. every other setup would have been stretched to the limit as well. I can see the jelurida marketing machine start working, that´s my main concern. looking at my ARDR and NXT investment, the ICO is a good thing. if i can´t get in cheap, so be it.

And so…. 1 batch left of Round 2. Join nxtchat.slack to ask questions and take part in the discussion. And if you wonder what all the fuzz is about – oh man. The IGNIS whitepaper, and all ICO details can be found here.

Ignis will be launched with all of the features of Nxt, plus more, and it will be created with no restrictions. When Ardor launches, hopefully, November 2017, each JLRDA token on the Nxt blockchain will be swapped for one IGNIS coin in the Ignis Genesis block.

First child chain, so what? Well, take notice that Ignis will be unrestricted. Ardor child chain creators may choose to disable certain features or set overall rules that not everyone may agree with, as well as possibly control the supply or future distribution of coins used on their child chain. Permissioned child chains can impose restrictions on their users such as KYC/ AML, personal data protection, time-limited data retention, local securities trading laws for asset issuers, etc. But the Ignis child chain will be permissionless, available to the general public, with no restrictions on who can transact with it.

Nxt’s features are described here.The differences between Nxt andArdor is available here.

Ignis holders will have easy access to other child chains and benefit from services they provide. Assets, for example, are global, so assets issued using the Ignis child chain can be traded on all other child chains and vice versa. IGNIS can also be traded for any other child chain coin or even ARDR using the inbuilt, decentralized Coin Exchange.

NXT > IGNIS

You need NXT to buy JLRDA, and the NXT price has taken a good beating since Round 1.

The bright side is that the current NXT price makes 0.55 NXT per JLRDA a mighty favorable buy, also compared to the price in Round 1. Not investment advice, just saying, if you’re eager to own JLRDA, now is not a bad time to get in. Long term investors may see every round as a bargain, but do your own due diligence, read the white paper, try Nxt in production, try IGNIS and Ardor on the testnet, and draw your own conclusions. We mean it – you should ask for testnet coins here.

NXT can be bought on exchanges with fiat or BTC or with most cryptocurrencies directly in the NRS Client, using Changelly or Shapeshift.

80M JLRDA in Round 2

In Round 2, 80M JLRDA will be released, divided into 4 batches.
The 4 sell offers will be placed randomly within these 30-minute time frames:

To get a fair shot at getting in, ICO participants are recommended to place their orders using Jelurida’s official ICO sales page in the latest client release, NRS 1.11.8. Install, wait for the blockchain to download, place your order and keep the client running until the sale is over. Run the client in full mode.

As many buyers missed out on getting tokens in Round 1, we foresee another battle for tokens coming up. If you miss out on a batch, try the next one. Due to much higher demand than supply, the ICO is set up to run like a lottery to give equal chances for all.

Here’s how to attend:

https://youtu.be/NsRs0vpeNHE

The NXT to invest

When should you get in? Jelurida cashes out their NXT on Bittrex, and also the late BTC rally has been too tempting for some traders to stay in NXT. If you want to crystal ball the NXT market movements, at least be aware of this >

Jelurida now has more than enough resources for PR and marketing and we chose Blonde 2.0 and TLVC as our partners since they have a lot of experience in promoting the crypto/crowdsale business.

In addition we are now running full scale marketing campaigns on CMC, Google, Facebook and with anyone who is willing to cooperate and market us. If marketing and PR was indeed our problem for all these years, this problem has been solved.

Afraid of whales?

Sure, the first batches of Round were eaten by MAAC The Whale and rightfully so, due to his study of the Nxt blockchain and tests done beforehand. That said – you should stop worrying.

In case it went over your head, Jelurida solved the problem within 24 hours and released a version of the NRS Client, which not only hacked the hacker but also allowed ICO participants to place their JLRDA orders in advance of the scheduled sales windows.

Use that to buy in, and you’re good. But still, be aware not to place your order more than 24 hrs ahead of time;

When running as a full node, the Nxt software allows you to schedule the JLRDA currency buy transaction in advance, before the JLRDA tokens are offered for sale.

Since transactions by default expire in 24 h, such scheduled transactions must be submitted not earlier than 24 h before the expected time of the offer. Scheduled transactions are kept in memory, therefore restarting the node will also clear them and will require you to re-schedule them again.

Early NXT investor ‘MAAC‘ has taken much of the limelight as he overruled “normal” participants by using the advanced features of the Nxt Blockchain as well as his stake to get ahead of the competition from Day 1.

In what was supposed to be a fair and equal early-bird lottery, divided into 12 batches as a way to stop whales from buying up all the tokens in the early stage of the ICO (as they tend to do), the IGNIS ICO was meant to be different.

The Get-There-First Hackathon

The theory that MAAC had used a bot to pick up the first 2 batches of Round 1 got turned down by MAAC himself, but behind the scenes, intense coding WAS going on, and an investment bot with the aim to out-compete all other attempts to invest in the IGNIS ICO WAS underway.

NRS 1.11.7 is not a small bugfix release – you must run this client version if you want a chance to get JLRDA tokens from the ICO. Furthermore, with NRS 1.11.7 you will not have to get up early / stay up late for the 2 daily 30-minute release windows, you can just enter your bid in advance and check the result of the lottery later as it fits your schedule. Read more…

So, are we equal now?

A public message from another whale that got his hands on most of Batch #7, soon kicked off discussions among new and veteran Nxt users.

Speculation and over-thinking

Coincidence? Will leasing your NXT stake to a forging pool optimize your chances of getting an early stake in IGNIS? Could it be that connecting to 500 peers instead of the client’s default helps? How about hallmarking your node, will that give extra chances? How much does the size of the fee matter?

Well, let me be straight: About as much as the color of the shirt I wear matters.

Private discussion groups have been forming in Slack and all kind of mods and optimization tricks have been pulled off and tested, but no matter how hard anyone tries, the facts are hard to ignore:

# Maintain active connections with at least that many peers.
nxt.maxNumberOfConnectedPublicPeers=75

apenzl [1:02 PM]

Were you forging or was your account balance leased to a forging account?

scor2k [1:03 PM]

No )))

The number of Nxt nodes is growing, Nxtwiki sees new visitors; driven by a monetary incentive crypto investors are learning about the Nxt technology, not just the coin, which will be the backbone of Ignis and the Ardor Platform. And so, they begin to understand Nxt’s features (mind you, most crypto ICO’s usually sell tickets to not-existing technology – Nxt has been running stable and been improved upon by world-class developers for almost 4 years).

This is good.

By learning about the NRS client and server they grasp the power of Nxt, Ignis, and Ardor.

forkedchain [9:39 PM]

it appears that MAAC was splitting his NXT into orders with 400.000 NXT in each

napdude [9:43 PM]

MAAC risked tons of nxt to get his fills in the last many rows

“This shit project will not exist next year”!

Oh yes, it will. We must emphasize something, though:

Nxt’s powerful ‘Smart Transactions’ (inbuilt smart contracts) are only as smart as the people using them! Some people get desperate or make transactions too fast without knowing what they do.

Then they get angry.

PLEASE DO NOT PLAY AROUND WITH FEATURES YOU DON’T UNDERSTAND!

A few ICO adventurers have tried to take shortcuts but ended up worse than they started.

Some have bought JLRDA look-a-like currencies from the Monetary Exchange, fake JLRDA assets on the Nxt AE or the Nxt Marketplace, despite all warnings. One new user managed to broadcast a phased transaction to himself, which has locked his NXT for 7 days, using advanced functionality in the client.

One new user managed to broadcast a phased transaction to himself, which has locked his NXT for 7 days, using advanced functionality in the client.

That’s “learning the hard way”. One can react sanely, or by simply crying “shit ICO you bad take my money”, frown publicly upon Nxt, Ignis, Ardor, Jelurida – and about everything from the 1 NXT transaction fees to – understandably – not being able to get in at this very early point of the ICO.

Most though has found the ICO setup ingenious.

The adrenaline!!!!

Yes, IGNIS will be traded on exchanges eventually, and ICO participants may or may not (well, we won’t give trading advice here) make a fortune from their early investment, but what Jelurida is selling are operational tokens, the access to the first child chain of the Ardor Blockchain Platform.

Don’t fall for scammers

An old scam trick on the Nxt blockchain is sending out teasers in the form of tokens, for example, an asset issued for 1000 NXT but worth a lot more if the scammer succeeds, so he sends it to NXT accounts, it’s like ads on blockchain, an airdrop of assets which he hopes will make Nxt users think: Wow. Is this what I’m looking for? I’ll buy more!

NRS 1.11.7 release notes

This release adds the ability to submit a JLRDA purchase transaction from the IGNIS Token Sale page even before the sell offer has been published.

Such transactions are not broadcasted immediately, but held in memory and only sent out when the expected sell offer arrives in the unconfirmed transaction pool.

For this to work, you must keep the node running after submitting the purchase transaction, until the sell offer has been received and processed.

Note that after submitting a purchase transaction in advance of the sell offer, you will get a pop-up that your currency buy order has been submitted, but it will not show in the unconfirmed pool. This is normal as such advance orders are kept separately.

This functionality is currently available for full nodes only, i.e. those that have downloaded the full blockchain. Users of light clients can submit JLRDA purchase transactions only after the sell offer has been accepted in a block. To switch from a light client to full node, set nxt.isLightClient=false in conf/nxt.properties, and wait for the blockchain to download.

More IGNIS Token Sale UI bugfixes and improvements:

Add paging buttons to the exchange history table on the Ignis page.

Initialize the JLRDA units field to 0.

Fixed "calculate fee" when connecting to a remote node with remembered passphrase.

ScheduleCurrencyBuy API accepts same parameters as CurrencyBuy API, and an additional offerIssuer parameter. Instead of broadcasting the prepared transaction immediately, it schedules it to be broadcast as soon as an unconfirmed currency exchange offer transaction from that issuer, for that currency and a sell rate not higher than the requested, arrives in the unconfirmed transaction pool. The broadcast parameter must be set to false. This API requires a full node (not a light client) and admin password unless running on localhost.

GetScheduledTransactions API returns a list of all scheduled transactions for a given account.

Note that these APIs were specifically added for the purpose of the IGNIS Token Sale, and may be removed or modified in the future.

Other fixes and improvements:

Allow blacklisting the real remote host, not the proxy, when running a public node behind a reverse proxy. Use the nxt.forwardedForHeader property to configure the header added by the proxy to the API http requests (normally X-Forwarded-For).

Fixed printing of paper wallet for passphrases containing special characters.

WARNING: If you printed out a paper wallet for an account passphrase which contains special characters using an earlier release, this passphrase may have been printed out incorrectly, with those characters missing, or truncated. In this case you are advised to print out a correct copy using this version. The QR codes were not affected by this bug, and neither were the standard account passphrases generated by the client.

Also note that some long passphrases may be cut off by your printer unless page size is adjusted to width.

ALWAYS VERIFY THAT THE PRINTED PASSPHRASE IS CORRECT BEFORE RELYING ON A PAPER WALLET AS YOUR ONLY BACKUP!

FAQ

NRS is a locally hosted client server application. By default it downloads the Nxt blockchain, but from version 1.10.0e you can run it as a light client as well as a full node. To forge and earn forging fees from processing transactions on the network you must run the Nxt Client in full mode, which is possible even on small devices like laptops, or on a Raspberry Pi.

The Nxt Client is easy to install. Use the 1-click installers for Linux, Mac and Windows or read this INSTALLATION GUIDEto launch the NRS .zip from terminal.

ICO Release FAQ

Q: What's the priority to execute these buy orders when they will hit blockchain? Same as usual?

A: As soon as the node scheduler storing the scheduled transactions sees the exchange offer as an unconfirmed transaction, it will immediately broadcast your currency buy transactions.

And they will compete with the rest of the transaction for inclusion in the next block, according to the usual transaction priority.

Q: So, if I understand correctly, this new stuff is for users to make buy transaction in advance, instead of lurking near PC and try to be fast?

A: Exactly

Q: And if my advanced buy order is not filled, I need to repeat the same before the next batch? Am I right, this new stuff do not solve MAAC problem?

A: It does solve it, since MAAC found a way to submit his transaction while the Jelurida exchange offer was still unconfirmed and invisible to the UI.

With 1.11.7, every scheduled transaction will do exactly that.

Q: When does Jelurida exchange offers become valid? Only when approved or broadcasted?

A: When the Jelurida exchange offer is still unconfirmed the scheduler will submit the buy orders

Q: Will not wait for approval of it?

A: They will all approve in the same block, the exchange offer will have the earliest arrival time so the currency buy transactions will match it in the same block just like MAAC did it manually

Q: But looking at history, approval account approves exchange offer few block later. I feel some confusion here. Always thought, that without approval any transaction is not "valid".

A: The exchange offer will no longer be phased, just a regular transaction

Q: And if my scheduled buy order is not filled, I need to repeat the same order before the next batch?

Never mind, the second 5M batch of the IGNIS ICO got snatched by MAAC the Whale. And also most of the third.

But look at this now:

Live data from the Nxt blockchain

69 new buyers got their hands on JLRDA –

no ninja tricks, no bots, just by using the full Nxt client. It’s a race to get in, sure. Back hurts from leaning forward towards the screen, eyes burn from staring without blinking, and personally, I burned my dinner in the oven because I didn’t dare to leave the computer within the ICO time frame. And I wasn’t even among the lucky 69. Transaction sent, the fee goes to forgers, try again if you want.

Only 5M of the ICO tokens are released in each batch in this Round 1, so maybe it’s better to wait. It’s just that… buying IGNIS for 0.4 NXT per token would be pretty nice, right.

What’s next?

Kristina (Jelurida) gives us this update in nxtchat.Slack:

Dear Nxt community members, thank you for your contribution in the first 2 days of the IGNIS ICO!

We are carefully considering the feedback and we are looking into possible ways to ensure that all the Nxters and also newcomers can participate in the IGNIS crowdsale more easily.

We also recommend to everybody to configure their Nxt client as a full node to avoid overloading the public nodes.

Jelurida has started moving funds to Bittrex, which is one of the higher volume NXT exchanges.

As people are beginning to calm down now, lots of thoughts and research by both new and veteran Nxters is ongoing, about the method MAAC uses and – not least perhaps – how to copycat it.

Another piece to this puzzle came from MAAC himself, as he uploaded a second public message to the Nxt blockchain:

Now guess who forged the block with the 4th JLRDA bid offer and 1009 NXT in fees while at work? Ahem, yeah…

Questions?

So, does all this mean that Jelurida is incapable of running a fair ICO on the platform they designed themselves? Will this be Nxt’s “bad distribution” issue all over again? Is MAAC a heartless attacker, a movie theater worker with great belief in the work of Jelurida or just a greedy whale? Will he succeed or can Jelurida exploit his methods and succeed in creating equal terms for all?

In the coming days, we will dig into this in much greater detail, and not least explain about IGNIS, and all the advantages of the revolutionary new Ardor platform.

The JLRDA release schedule is as posted from Jelurida, remember each one is a batch of 5 M tokens:

The coin sale will last for months so do not worry if you are not able to participate immediately, there will be many opportunities to participate in the IGNIS ICO.

In addition to the ongoing ICO, approximately half of the IGNIS coins in existence will be distributed automatically to NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

For sale are 440,000,000 Jelurida tokens (JLRDA) out of 1,000,000,000 total.

The Nxtchat.slack has been buzzing for weeks with anticipation and discussions of how to get your hands on these JLRDA tokens and this article contains some important information pertinent to your investing decisions.

1st round sold out in a flash

Live data from the Nxt blockchain

Boom – first round is over…

Eager participants from all around the globe were ready, eagerly staring at their desktop clients with the ICO window open in their NRS Client, excitedly building tension in Slack, ready to purchase.

And then…

The shock – as everyone realized that the first ICO round was over even before Jelurida’s exchange offer had hit the client GUI! The first 5M JLRDA tokens had been sucked up by a single whale in a flash.

1% of the JLRDA tokens available in the ICO had been sold without anyone even seeing the offer let alone having a chance to place their orders in the client!

What happened?

Lots of phased transactions. Buy offers put into every block within the announced time frame of the first round, just waiting for his approval to be executed.

But how could he react so fast? One sound theory is that the buyer had a bot listening to the network and as soon as the exchange offer was put by Jelurida, still unconfirmed, he executed the transaction in that same block.

First reactions were harsh. From emotional accusations from disappointed users that the ICO round had to be an “inside job”, to conspiracy theories and sad claims that all IGNIS tokens most certainly would be sucked up by rich investors only, “just like in the fiat world”, hit the world wide web by storm.

And now, few hours before the next batch of 5M JLRDA tokens are to be released, we can only wait and prepare for our second chance to get in. No, “MAAC” did not play it fair in Round 1 but after all, he played it well AND played everybody by the rules of the tech. Rules that can be dug into by everybody, by the way.

Here’s a statement he made, sent from his phasing account:

Jelurida has released a schedule of the availability of the batches for the first round of JLRDA. 55 M tokens are left in 11 bins of 5 M, staggered by 12 hours to make it harder for whales (people with massive amounts of NXT) like MAAC to buy the entire amount.

In the coming hours and days, we will keep you posted about the progress of the ICO, as well as explain in much greater detail about IGNIS, Ardor, and all the advantages of this revolutionary new platform.

The coin sale will last for months so do not worry if you are not able to participate immediately, there will be many opportunities to participate.

In addition to the ongoing ICO, approximately half of the IGNIS coins in existence will be distributed automatically to NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

Earlier today, Jelurida, the development company behind Nxt and Ardor, has announced new details about the upcoming ICO on their website.

The Jelurida team is now happy to announce that the legal, technical and organizational preparations for the IGNIS ICO are entering their final stage. The ICO will start near the end of July or early August 2017 (exact date and time to be disclosed at least two weeks in advance).

After inquiries into the start date of the ICO have been asked by the community on a daily basis, this should hopefully bring some clarity now on how the rest of Q3 will shape up to be like, even if no exact date has been given yet.

NXT in the ICO

As mentioned in our earlier newsletter, Jelurida mentioned that NXT will be used in the ICO and that this was due to technical reasons. Now, with the announcement, we can see why this was chosen.

The token sale itself will be conducted on the Nxt blockchain platform. A “controllable currency” called JLRDA will be issued and offered for sale in several consecutive rounds.

Being a controllable currency, the JLRDA tokens will not be tradeable or transferable between user accounts. The purchased JLRDA currency units will only serve as a proof of ownership and initial IGNIS balance for the Ardor Genesis Snapshot.

Purchasing JLRDA tokens will require NXT, however users will be able to exchange other cryptocurrencies to NXT conveniently within the Nxt wallet using the integrated ShapeShift and Changelly third party exchanges, subject to availability.

For 1 JLRDA token the participants in the ICO will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot.

So, the IGNIS ICO will utilize the Monetary System feature of the Nxt blockchain, where a controllable currency called JLRDA will represent the IGNIS to be distributed when Ardor launches. Purchasing a controllable currency on Nxt directly requires NXT as the transactions are on the Nxt blockchain itself.

Ardor Genesis Snapshot

The announcement also shed some light on the snapshot date for NXT balances where 0.5 IGNIS is given for every NXT an account holds.

As already promised, approximately half of the IGNIS coins will be reserved and distributed automatically to the NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

The Ardor Genesis Snapshot will be performed at least two weeks after the end of the last JLRDA sale round.

However, since the exact date of the start of the ICO and the duration of the ICO are still unknown, we can only estimate when the Ardor Genesis snapshot will happen.

Important Notice

There have been some complaints on some channels in the community about false information being spread around, such as that the launch was supposed to happen on July 1st, despite multiple announcements for over a year that Q3 was when Ardor would launch, not necessarily July 1st. Because of this confusion, Jelurida was prompted to also state this in their announcement:

IMPORTANT NOTICE:
All official information regarding the IGNIS ICO will be published on this website only. If you receive information from other sources always make sure that it is consistent with this page.

While Nxter Magazine strives to provide the most accurate information, if any conflicting information is found on this website with Jelurida, please trust the content posted on Jelurida’s website as they are the development team and may have made some changes and we just did not get to update our content yet.

ADL

Up for sale are 28,333,333 Adelphoi tokens (ADL) out of 33,333,333 ADL released in this first ICO round (5M is to be allocated to the Adel team). The value of an ADL coin will be calculated at the end of the ICO based on the value of the BTC (and altcoins) collected.

ADL is the cryptocurrency to be used inside the Adel economic ecosystem. Adel members can introduce use cases on any blockchain platform, including Nxt, Ardor, Ethereum, Ethereum Classic, Waves, Lisk, NEM, Stratis, and Byteball, among others. Throughout the deployment stage, returns from projects are redistributed to stakeholders using the ADL coin.

Soon after this ICO ends, participants will be able to trade their ADL. Coordination with centralized exchanges will happen during the ICO, and "the attention brought on by the ICO will be leveraged", says Travin Keith, Adel's marketing consultant. The ADL currency will also be tradeable on the Nxt Asset Exchange right away after it is distributed.

Across three rounds of ICO, a total of 100 million Adelphoi (ADL) will be released to the market.

What is ADEL?

Adel is a blockchain agnostic startup accelerator, powered by Nxt technology and with a global community aimed at developing, supporting and funding innovative startups using blockchain technology.

The Adel ecosystem consists of stakeholders, registered community members, staff, a Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in submitting ideas, building business plans, and successfully deploying projects. Adel offers a decentralized alternative to traditional seed funding and angel investments by combining social media with venture capital.

Startups will be decided by the Adel community after a review by the Adel Board and the Adel Project Review Committee. Successful ventures will be developed and issued as rewards to Adel’s stakeholders and backed by a future legal entity that will establish the Adelshare (ADS) equity token.

After the first ICO phase, Adel will introduce the Adelshare (ADS), a token which will represent a member’s equity stake in Adel projects. Participants can buy these shares using their Adelphoi (ADL).

Organisation

The role of the Adel Board, alongside the Project Review Committee, is guiding and curating the activities of the community and ensuring a unique and regulated environment for fundraising and investment. Our incubator structure provides both financing and management expertise from blockchain and business experts around the world.

Soon after the end of this 1st ICO round, the members of ADEL’s Project Review Committee (PRC) will be announced. The PRC will guide and help the Adel R&D team and innovators, evaluate and approve projects, as well as participate on forums to discuss the projects with the community.

Adel will comply with legal requirements relating to cryptocurrency exchange, governance, trading, and taxes. Adel will ensure regulatory compliance and the satisfaction of legal requirements in all markets where Adel operate. Therefore, any projects that do not meet these requirements will not be approved. This ensures the integrity of the Adel ecosystem while also protecting the integrity of each member in the community.

Use of the ICO funds

30% will be allocated for Adel operations.70% will be used to fund projects launched on Adel.

ICO

Bonuses

The bonus refers to the amount of ADL the participant in the Adelphoi ICO will receive:

20% bonus

▲ First 3 days ▲12:00 (noon) UTC on May 1st till 23:59 UTC on May 3rd

15% bonus

▲ Next seven days ▲00:00 UTC on May 4th till 23:59 UTC on May 10th

10% bonus

▲ Next seven days ▲00:00 UTC on May 11 th till 23:59 UTC on May 17th

5% bonus

▲ Next seven days ▲00:00 UTC on May 18th till 23:59 UTC on May 24th

0% bonus

▲ Last seven days ▲00:00 UTC on May 25th till 23:59 UTC on May 31st

The 1 BTC threshold

Only members who have contributed over 1 BTC will be invited to the community, and only those in the community will be able to purchase Adel company shares (ADS), once the legal entity and license are established.

After the first (ongoing) ICO the minimum to join the community will be increased to 2 BTC (in equivalent ADL).

Carry-over Bonus

With the exception of the first three days’ bonus, which entitles a carry-over bonus of only 15%, participants maintain the same bonus if they decide to increase their contribution in the following weeks of the ICO, provided the sum of their initial contributions in a given stage is over 1 BTC.

Participants contributing over 20 BTC will receive a bonus of 15% no matter when they submitted their first contribution.

Escrow

During the ICO round, the raised cryptocurrency is immediately placed into the 5 out of 6 multi-signature escrow account provided by BitGo.

30% of the BTC escrow funds will be released shortly after the ICO (1st of June 2017) to Adel Ecosystem Limited to continue paying developers, legal services, and support costs.

The remaining 70% of the BTC escrow funds will be released to Adel Ecosystem Limited after the investment structure of Adel’s second phase is established.

If Adel Ecosystem Limited does not raise over 900 BTC in the first ICO round (the minimum threshold), then community members will vote if Adel continues or if the remaining funds are returned to the ICO participants.

Quote from: mael on Today at 07:53:25 pmother thing: the adress who got my NXT (NXT-XVBJ-B8VA-Q7MB-HGZXQ) has received a lot of transactions the same day, same hour. What's this ?This appears to be someone run...

yes, I will do that for Ignis snapshot.I just trusted bter when they announced they will take the Ardor Snapshot.Look, this is what you can find looking on archive.org a version of bter main site on September, 18th, 2016[url=https://web.archive.org/...